Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
If fraud can be proved, then everything can be reverted as painful as it would be.
"Fraud unravels everything. The court is careful not to find fraud unless it is distinctly pleaded and proved; but once it is proved it vitiates judgments, contracts and all transactions whatsoever.” (See Lazarus Estates Ltd v Beasley [1956] 1 All ER 341, 345)
Is someone able to summarise our story and the shenanigans going on? I'll host it on a website which may get our message out there if everyone can promote it via social media.
And the scenario if for example Exxon have 30% COPL and Denbury have 21% COPL. Exxon buy Denbury so they now own 51%v of COPL. I believe we've established TR1s are not mandatory.
So what keeps us save in this scenario?
Exxon and Denbury are just examples by the way.
"its value is determined by the net present value of its reserves by a 3rd party evaluator"
So as long as they borrow shed loads of money they can't afford to pay back and buy oil fields that don't produce then it's a success for them?
Strength in numbers!
Remember Art and the BOD work for us. His job is to raise shareholder value not destroy it by 85%+ in 18 months. So far we are being ignored. For years people have clung onto hope and dreams for nothing.
So Art is proposing the share price needs to be higher than it currently is. By going down the consolidation route isn't he implying that he has little faith in any production increase, RBL or JV raising the share price much?